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21 sats \ 0 replies \ @BTCExecutor 7 Dec \ on: A Bitcoin Family Trust; Self-Custody Multisig bitcoin
Unless all family-members and potential heirs are fully adept at self-custody, strongly recommend paying for a collaborative custody service (until better solutions develop).
If you’re dead set on DIY without an outside third-party, consider a “poor man’s miltisig” (wallet with passphrase, a sort of 2-of-2 multisig). Because properly setting up, maintaining, and later reconstituting a multisig wallet are difficult and can lead to catestrophic loss.
POV: I’m an experienced probate lawyer and executor
Is it just Casa that can see all your UTXOs, or any collaborative custody service that holds your multisig descriptor file?
It's cool but I don't know why I need this. Why is it better than using a regular hardware wallet?
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costs $25, less than most HWWs
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can use for other 2FA and MFA
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not obvious for bitcoin, so won’t be on a “list” of ppl who buy bitcoin only products
ATM collaborative custody is the best choice to minimize risk of catastrophic loss upon your death, while having most (not all) of the benefits of self-custody
Best practice: hold your BTC in some type of multi-factor wallet
Larger stack: consider a collaborative custody multisig with casa, unchained, nunchuk, liana, etc. All have pros and cons, but all greatly reduce risk of total loss upon death. Don't try DIY multsig, most ppl with mess it up
Smaller stack: poor man's multisig (singlesig + passphrase). Share seed phrase with heirs, passphrase with executor (someone not an heir). Again, pros and cons, but pretty simple so reduces risk of catestrophic loss.
Don't rely on treasure maps, letters of instruction, those fail WAY more often than you think.
Citizen Kane: saw somewhere it's the best movie alltime, it was boring
English Patient. Best nap of my life
LA LA Land. Was much acclaimed, wife and I turned it off after about 15 mins.
Avengers End Game: I enjoyed all the other Marvel Movies up until that point. End Game was a bore, diminished all the prior movies, and I've stopped watching MCU since.